PROJECTS: Saudi entities, Stellantis sign MoU to explore car manufacturing in kingdom
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Saudi Arabia's Ministry of Investment, National Industrial Development Center, Petromin Corporation, and Stellantis have signed an MoU to explore vehicle manufacturing in the Kingdom. The initiative aims to localize commercial and passenger vehicle production, enhance the automotive industry, and create jobs. The project will leverage Stellantis' American brand portfolio and strengthen regional supply chains, contributing to the growth of small and medium-sized enterprises.
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